When the Chips Are Down but Not Out

Shares of semiconductors have fallen sharply this year and they may fall a bit more. But a number of names are starting to look appealing.

EVEN AFTER A 13% FALL in the Philadelphia Semiconductor Index in the last three months, there's probably more pain to come for chip makers.

But there's also reason to start putting in limit orders to scoop up the best semiconductor stocks in the next couple of months &ndash; companies like Broadcom, Atheros, and even Advanced Micro Devices.

Chip sales should see healthy growth in 2007 and 2008, and the recent sell-off in...